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Bulls return as govt keeps date with GST

DNMUM390886 | 6/20/2017 | Author : DNA Money Correspondent | WC :343

Mumbai : Indian markets witnessed a smart recovery as the bullish sentiment got fortified on positive developments on the domestic front. Both the Sensex and Nifty hit fresh intra-day highs following goods and services tax (GST) headway.
While the BSE Sensex made a fresh closing high at 31311.57, jumping 255.17 points, or 0.82%, Nifty reclaimed 9600 level ending at 9657.55, by gaining 69.50 points, or 0.72%.
Banking counters witnessed a flurry of buying on hopes of resolution of non-performing assets (NPAs) issue after the Reserve Bank of India (RBI) asked lenders to initiate bankruptcy proceedings against large defaulters. The rally was led by State Bank of India, Axis Bank, HDFC Bank and ICICI Bank which climbed up to 1.9
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Here is how mutual fund investors can save on tax
DNMUM401516 | 11/24/2017 12:00:00 AM | Author : Saravana Kumar | WC :496

In mutual funds, investing in stocks or bonds where fund managers earn capital gains, dividends and interest income, helps in saving income tax. Profit earned in the fund is either distributed as dividend to investors, who opt for it, or else become
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Six mobile cos planning to pre-install BHIM app
DNMUM401517 | 11/24/2017 12:00:00 AM | Author : Mansi Taneja | WC :368

New Delhi: Six mobile manufacturers are planning to pre-install government’s application BHIM (Bharat Interface for Money) on their mobile phones, a part of government’s plan to drive adoption of digital payment services.
The amount of transactio
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Stuck in a shopping mall with no cash? SBI’s Yono can help
DNMUM401518 | 11/24/2017 12:00:00 AM | Author : DNA Money Correspondent | WC :378

Mumbai: State Bank of India (SBI) is launching a comprehensive lifestyle and financial services platform called Yono (you only need one).
If you run out of cash while shopping, the app enables you to avail a pre-approved personal loan without an
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Promoters in shock as govt shuts them out
DNMUM401519 | 11/24/2017 12:00:00 AM | Author : Edit | WC :185

Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017, which received president’s nod on Thursday, has literally shut out many promoters who are trying to win over their debt-ridden companies that are currently at the National Company Law Tribun
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